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Rentec Direct Partners with The Closing Docs
News 1 day ago
Rentec Direct Partners with The Closing Docs

Rentec Direct has partnered with The Closing Docs, an automated income verification company, to expedite and enhance the tenant screening process...

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Start Spreading the News: Changes for NY Mortgage Servicers
News 1 day ago
Start Spreading the News: Changes for NY Mortgage Servicers

New York's final mortgage servicing rules took effect on December 18, and servicers who were compliant with the previous version of the rule have...

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When the Gavel Falls
News 4 days ago
When the Gavel Falls

This feature originally appeared in the January issue of DS News, out now. In October 2019, default service attorneys throughout the Eleventh...

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Are Recession Fears Overshadowing Actual Market Trends?
News 4 days ago
Are Recession Fears Overshadowing Actual Market Trends?

Many seem to be waiting on bated breath for signals of an economic recession, reading into even seemingly positive headlines with apprehension and...

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News 5 days ago
CFPB Grants Bank of America NAL

The Consumer Financial Protection Bureau (CFPB) has granted a no-action letter (NAL) to Bank of America, N. A. regarding the bank's funding...

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The Week Ahead: Readdressing the Community Reinvestment Act
News 1 week ago
The Week Ahead: Readdressing the Community Reinvestment Act

On Tuesday, the House Financial Services Subcommittee on Consumer Protection and Financial Institutions will hold a hearing titled, "The Community...

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Tax Reform's REIT Impact
News 1 week ago
Tax Reform's REIT Impact

Certain tax reforms, including the Tax Cut and Jobs Act (TCJA), have made real estate investment trusts a more attractive investment, Financial...

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Getting an Edge in Single-Family Rental Investment
News 1 week ago
Getting an Edge in Single-Family Rental Investment

With many potential homebuyers-notably millennials-opting to delay purchasing and instead renting longer due to affordability and inventory...

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The Trouble With the QM Patch
News 1 week ago
The Trouble With the QM Patch

Borrowers just aren't defaulting like they used to. This is obviously good for the economy and good for the mortgage industry, even if it is not...

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Mortgage Debt Hits New Highs
News 1 week ago
Mortgage Debt Hits New Highs

Mortgage debt hit a record $15.8 trillion in Q3 2019, according to data from LearnBonds.com. According to the data, this is the highest amount...

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HUD: Affirmatively Further Fair Housing Rule ‘Ineffective’
News 1 week ago
HUD: Affirmatively Further Fair Housing Rule ‘Ineffective’

The U. S. Department of Housing and Urban Development published its proposed Affirmatively Furthering Fair Housing (AFFH) rule, which offers...

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News 1 week ago
Fitch Identifies High Diligence in RMBS

Residential Mortgage-Backed Securities (RMBS) diligence has remained high, according to new data from Fitch Ratings. The latest Fitch Ratings...

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News 2 weeks ago
Fed Mortgage-Backed Securities Update: To Sell or Not?

: To Sell or Not? Between December 19 and December 24, the Federal Reserve bought $825 million of agency mortgage-backed securities, compared to $1...

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Freddie Mac: Mixed-Income Housing Helpful, Not Always Feasible
News 3 weeks ago
Freddie Mac: Mixed-Income Housing Helpful, Not Always Feasible

More than 19% of Americans-more than 61 million people-live in so-called "areas of concentrated poverty," which are defined by "persistently high...

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Default Servicing's Most Popular Topics in 2019
News 4 weeks ago
Default Servicing's Most Popular Topics in 2019

Mortgage credit performance, with a focus on mortgage default rates, was one of the most popular topics among mortgage professionals in 2019,...

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Housing Report Shows ‘Good News is Actually Good News’
News 1 month ago
Housing Report Shows ‘Good News is Actually Good News’

Residential construction permits and housing starts both increased in November reaching a 12-year high, according to data released Tuesday by HUD...

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News 1 month ago
Foreclosure Changes in the Wolverine State

Effective January 11, 2020, Michigan will be facing new regulation in regards to notices of foreclosure. Public Act 142 of 2019, formerly titled...

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News 1 month ago
Cities Where Mortgage Default Rates Increased

While first mortgage default stayed the same overall in November 2019, the most recent S&P/Experian Consumer Credit Default Indices revealed that...

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News 1 month ago
Low-End Rentals Propping Up Growth

According to the latest update from CoreLogic, single family rents increased by 3.1% year over year in October 2019, up from a 2.9% increase in...

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Investment Update: Residential Rental Spending Hit $4.5T
News 1 month ago
Investment Update: Residential Rental Spending Hit $4.5T

U. S. renters spent $4.5 Trillion on housing rent in the last decade, according to data from Zillow, as rent prices have been rising and many...

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The Cost of Innovation
News 1 month ago
The Cost of Innovation

Editor's note: This feature originally appeared in the December issue of DS News. With mortgage default volumes at all-time historical lows,...

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A Third Wave of Post-Recession Distress?
News 1 month ago
A Third Wave of Post-Recession Distress?

Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232...

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Trends, Challenges Facing Property Preservation in 2020
News 1 month ago
Trends, Challenges Facing Property Preservation in 2020

Caroline Reaves, CEO, Mortgage Contracting Services spoke with DS News about the upcoming challenges, trends, and the role technology plays in...

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Real Estate Investment Trusts: Safe in a Recession
News 1 month ago
Real Estate Investment Trusts: Safe in a Recession

Housing is needed no matter the economic conditions, making residential real estate a relatively safe real estate investment trusts (REIT) a safe...

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Where Smaller Mortgage Servicers Dominate
News 1 month ago
Where Smaller Mortgage Servicers Dominate

While large and mid-size servicers dominate the largest portion of loans nationwide, small servicers make up the greatest share of loans serviced...

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Coalition Seeks $2B to Fund Affordable Housing Projects
News 1 month ago
Coalition Seeks $2B to Fund Affordable Housing Projects

A group of community activists has challenged technology companies in Austin, Texas, to step forward with $2 billion to fund programs associated...

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News 1 month ago
First-Time Mortgage Default Rates Going Against Trends

Default rates rose for first time mortgages rose for the third month in a row, according to the latest S&P Dow Jones Indices and Experian released...

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Navigating Loss Mit in a Low-Default Landscape
News 2 months ago
Navigating Loss Mit in a Low-Default Landscape

Denis Brosnan is President and CEO of DIMONT, a provider of technology-enabled solutions in specialty insurance claims processing and collateral...

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News 2 months ago
Mortgage Delinquency by State

Southern states are some of the most delinquent states in the country, according to data from LendingTree. LendingTree's study of states with the...

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Junior Lienholders: Claim Your Surplus Funds
News 2 months ago
Junior Lienholders: Claim Your Surplus Funds

Ever since the United States housing market collapse in 2008, when a lender instituted a foreclosure action and obtained a Final Judgment of...

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